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Earnings Per Share (Tables)
12 Months Ended
Dec. 31, 2023
Text Block [Abstract]  
Schedule Of Basic And Diluted Earnings Per Share

The following table presents the computation of basic and diluted earnings per share for the years ended December 31, 2023, 2022 and 2021:

 

 

 

 

 

Years Ended December 31,

 

In millions except per share amounts

 

2023

 

 

 

2022

 

 

2021

 

Basic and diluted earnings per share:

 

 

 

 

 

 

 

 

 

 

 

Net income (loss) from continuing operations available to common shareholders

 

$

(484

)

 

 

$

(149

)

 

$

(445

)

Income (loss) from discontinued operations, net of income taxes

 

 

(3

)

 

 

 

(54

)

 

 

-

 

Less: Net income (loss) from discontinued operations attributable to noncontrolling interests

 

 

4

 

 

 

 

(8

)

 

 

-

 

Net income (loss) from discontinued operations attributable to MBIA Inc.

 

 

(7

)

 

 

 

(46

)

 

 

-

 

Net income (loss) attributable to MBIA Inc.

 

$

(491

)

 

 

$

(195

)

 

$

(445

)

Basic and diluted weighted average shares (1)

 

 

48.2

 

 

 

 

49.8

 

 

 

49.5

 

Net income (loss) per common share attributable to MBIA Inc. - basic and diluted:

 

 

 

 

 

 

 

 

 

 

Continuing operations

 

 

$

(10.03

)

 

 

$

(3.00

)

 

$

(8.99

)

Discontinued operations

 

 

 

(0.15

)

 

 

 

(0.92

)

 

 

-

 

Net income (loss) per share attributable to MBIA Inc. - basic and diluted

 

 

$

(10.18

)

 

 

$

(3.92

)

 

$

(8.99

)

Potentially dilutive securities excluded from the calculation of diluted EPS because of antidilutive affect

 

 

4.3

 

 

 

 

5.0

 

 

 

5.1

 

 

 

(1) - Includes 0.6 million, 0.8 million and 0.9 million of participating securities that met the service condition and were eligible to receive nonforfeitable dividends or dividend equivalents for each of the years ended December 31, 2023, 2022 and 2021 respectively.